Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results.

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Lewis Co. reports the following results for May Prepare a flexible budget report showing variar results. Sales Variable expenses Fixed expenses (total) Units produced and sold Budgeted $ 1,250 per unit $ 500 per unit $153,500 1,390 Actual $2,836,000 5 831,000 $ 141,000 1,590 List variable and fixed expenses separately (Indicate the effect of each variance by selecting fo variance) LEWIS CO Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results Variances Variable expenses Fixed expenses (total) Units produced and sold $ 500 per unit $153,500 1.39e $ 31.089 141, 1,590 List Variable and fixed expenses separately indicate the effect of each variance by selecting for variance) LEWIS CO Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results Variances Fav. Unt. prov 1 5 Next